Binance.US Now Support Cryptocurrency Purchase Using Debit Cards
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Binance.US Now Support Cryptocurrency Purchase Using Debit Cards

November 2, 2019      Ibiam Wayas

Binance.US, the United States branch of Binance, announced that its users can now buy cryptos using debit cards. The U.S-focused digital asset marketplace, Binance.US went live in September 2019.

According to the report, Binance.US said it made provisions to enable customers to purchase cryptocurrencies with a debit card. Also, by joining existing U.S. dollar on-ramp and off-ramps, including the automated clearing house (ACH) and bank wire.

The exchange noted that it also increased token listings from seven to 24 tokens. This results in a total of 40 trading pairs for the customers. Some of the supported cryptos include Bitcoin (BTC), Ether(ETH), XRP, BNB, Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH), Dogecoin (DOGE), Tether (USDT), etc.

Binance.US currently operates in 37 states and Puerto Rico. Per the report, it further seeks licenses to provide its services to the rest of the United States.  

The Chief Executive Officer of Binance.US Catherine Coley said:

 “This is just the beginning. We want our marketplace to stand out as an easily accessible, educational platform for anyone looking to participate in this global movement.”

Operating as an educational platform helps Americans become crypto literate, which opens up new financial freedoms across a global ecosystem. The development aims to help users access, evolve, and be in full control of their crypto assets.

“[…] We’ve standardized globally-validated technology to offer a secure, easy-access marketplace with a wider range of digital assets and personalized customer support to put agency in the hands of the user,” the CEO added.

Binance.US Daily Trading Volume Sees New Record

In its first 30 days after launch, Binance.US also reported that its daily trading volume jumped to $15 million. 

Meanwhile, before the end of the year, the exchange plans to continue expanding its roadmap. The idea aims at lowering the barriers to entry for new and existing users.

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Ibiam Wayas
Ibiam Wayas

Ibiam Wayas is an optimistic crypto news reporter who also enjoys tech writing. He is an introvert who spends much of his time on the internet studying facts that will help him excel in the digital/cryptocurrency space.